SILICON VALLEY REAL ESTATE BOOMS AGAIN

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MULTIPLE OFFERS ARE BACK. In the 1st 5 months of this year I have written 25 offers on properties ranging from $350,000 to $975,000. In every case there have been multiple offers and the winner was over the listing price.

The Silicon Valley housing market (Santa Clara, San Mateo, and Southern Alameda Counties) has been steadily improving, based on statistics compiled by MLSListings for the past 10 years. It has now moved into overdrive.

In month-to-month comparison, last month the median sale prices for single family homes and condos both stood at their highest since 2009; the number of closed sales at their highest since 2007.

The current market is also marked by low inventory. The number of new listings for both single family homes and condos were at one of their their lowest levels in April since 2003

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8 Responses to “SILICON VALLEY REAL ESTATE BOOMS AGAIN”

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